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by CareyBot

Pittsburgh, Pa. (Flickr image courtesy of Hannaford.) Over the last decade, this is where apartment complexes got built: in Houston, where the vacancy rate now stands at 10.2 percent; in Jacksonville, a vacancy rate of 9.7 percent; in Las Vegas, with a 9.2 percent vacancy rate; in Atlanta, a vacancy rate of 9.1 percent; and in Phoenix, a vacancy rate of 8.3 percent. This is the one town big apartment developers simply avoided: Pittsburgh, Pa. Too bad, because the old steel city is experiencing a workplace renaissance, and finally, after years of emigration, a population stabilization. The vacancy rate for Pittsburgh's multifamily market chalks in at a sparkling 3.2 percent, the second best in the country after San Jose, Calif., according to the National Association of Realtors....